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Stock analysis Balkrishna Industries Limited BALKRISIND

More indepth analysis on MunafaSutra.com

Moving Averages for Balkrishna Industries Limited

  • 5Day Average: 2356.87
  • 12Day Average: 2378.8
  • 20Day Average: 2355.14
  • 50Day Average: 2314.29
  • 100Day Average: 2428.69
  • 150Day Average: 2474.37
  • 200Day Average: 2456.59

BALKRISIND Indicators & signals

Indicator MACD (12,26,9)

2360.51, 2348.62, 13.69
Indicator MACD is in positive zone

Indicator ADX (14)

4.75, 22.1, 20.1
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALKRISIND Balkrishna Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Thu Apr 2024 2390.75 2312.55 to 2405.00 2.49% 1.58 times
24 Wed Apr 2024 2332.70 2311.00 to 2349.95 -0.53% 1.28 times
23 Tue Apr 2024 2345.15 2332.50 to 2379.90 -0.94% 1.59 times
22 Mon Apr 2024 2367.35 2341.25 to 2392.15 0.81% 0.4 times
19 Fri Apr 2024 2348.40 2265.30 to 2355.70 0.6% 0.6 times
18 Thu Apr 2024 2334.35 2326.25 to 2389.20 -0.75% 0.66 times
16 Tue Apr 2024 2352.10 2345.00 to 2394.95 -1.48% 0.41 times
15 Mon Apr 2024 2387.45 2335.10 to 2402.00 -0.23% 0.43 times
12 Fri Apr 2024 2393.05 2385.40 to 2433.55 -1.07% 2.3 times
10 Wed Apr 2024 2419.05 2403.60 to 2472.30 -0.59% 0.94 times
09 Tue Apr 2024 2433.50 2414.55 to 2461.50 -0.34% 1.38 times
08 Mon Apr 2024 2441.75 2399.00 to 2450.85 1.55% 1.67 times

Technical analysis forecast of Balkrishna Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Balkrishna Industries Limited BALKRISIND at this time. Stock is rising and might rise more.

It appears as if Balkrishna Industries Limited BALKRISIND gave a large move recently.

Stock of Balkrishna Industries Limited (BALKRISIND) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Balkrishna Industries Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2400.3 as stoploss in an intra day sell trade for a target of 2352.59. However, stock will show a bullish move above 2400.3.

More indepth analysis on MunafaSutra.com